127 N Duck St
Stillwater, OK 74075
Lodges Landing Apartments · Multifamily Property For Sale · 69 Units

For More Information Please Schedule A Call by going to the link below: **** https://calendly.com/derek-wilson/15min **** *Excellent Location Within Walking Distance from Oklahoma State University Lodges Landing is located two blocks from Oklahoma State University; the city's largest employer with more than 6,000 staffers and an undergraduate enrollment of 20,978 as of 2018. This is a rare opportunity to buy not only in Stillwater, but this close to campus. *Significant Upside in Rents, Occupancy and Ancillary Income Current occupancy of 64% is significantly below the market occupancy of 92%. Current rents are at least $370 per unit under market and with additional upgrades $650 under market. A new owner could increase rents, occupancy and add additional ancillary income to increase the total return of this tremendous value-add opportunity. *Multiple Investment Strategies Lodges Landing gives a new owner multiple options to obtain higher than average returns. No matter what amount of upgrades and improvements a new owner decides; the new owner has the opportunity to pull out most if not all his equity once the property is stabilized. The owner could sell to reinvest in an a larger property, or refinance into long term debt and keep the existing cash-flowing asset. For More Information Please Schedule A Call by going to the link below: **** https://calendly.com/derek-wilson/15min ****